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Invesco Puts Blame on U.S. SEC Rules for Decision to Withdraw Bitcoin Futures ETF

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Posted on November 23, 2021

Invesco asset management firm has finally given reasons why it pulled out its proposed Bitcoin futures ETF applications from the US Securities and Exchange Commission (SEC). Speaking in an interview with the Financial Times media outlets, Anna Paglia, global head of ETFs and indexed strategies at Invesco, disclosed that the company’s surprise decision to withdraw

IMF Warns of Economic Instability in El Salvador Owing to Broad BTC Adoption

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Posted on November 23, 2021

The International Monetary Fund (IMF) has expressed its scepticism about the role of Bitcoin (BTC) in helping El Salvador maintain financial stability. As contained in the concluding statement of the IMF annual staff visit to the Central American nation, El Salvador is advised to limit the scope of its Bitcoin laws. While not mandating the

Binance CEO counters Elon Musk for bringing up Dogecoin issues

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Posted on November 23, 2021

Twitter has become an arena for another cryptocurrency-related battle due to Binance experiencing ongoing issues with Dogecoin (DOGE) withdrawals. Tesla CEO Elon Musk, one of the world’s biggest Dogecoin fans, took to Twitter on Tuesday to bring up issues related to DOGE withdrawals on Binance. Tagging Binance CEO Changpeng Zhao, Musk wrote: “What’s going on

Ardana partners with Near protocol on Cardano bridge infrastructure

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Posted on November 23, 2021

Ardana, Cardano’s growing stablecoin hub, announced a strategic partnership with Near protocol on Tuesday. The partnership allows for asset transfer between the two protocols in which Ardana will provide the bridging infrastructure. Ardana is a decentralized stablecoin hub built on the Cardano network. While Ardana (DANA) is its governance token, it will use dUSD as

eToro to delist Cardano by 2022 for US users due to regulatory concerns

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Posted on November 23, 2021

In a statement released to customers on Tuesday, Israeli cryptocurrency exchange eToro announced it would delist Cardano (ADA) and Tron (TRX) for United States customers by the end of the year. After Dec. 31, U.S. users will no longer be able to open new positions in the tokens nor stake ADA and TRX. In addition, wallets

Ethereum Competitor Appears Ready for Major Rally As 2021 Comes to a Close, According to Coin Bureau

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Posted on November 23, 2021

The host of popular crypto channel Coin Bureau says that one mid-cap Ethereum competitor could spike before the year ends. In a new video, the analyst known as Guy tells his 1.66 million YouTube subscribers that layer 2 protocol Harmony (ONE) could be the “one” coin to rule them all. Harmony is a blockchain focused

Analytics Firm Santiment Issues Warning to CRO Traders, Says Explosive Altcoin Flashing On-Chain Weakness

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Posted on November 23, 2021

The Crypto.com Coin (CRO) has surged in price this week, but the analytics firm Santiment is warning that certain metrics indicate the red-hot crypto asset could be primed to cool off. The crypto asset’s momentum developed after news broke that the iconic Staples Center in Los Angeles will be rebranded to Crypto.com Arena. Now, CRO,

How to enhance DeFi security

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Posted on November 23, 2021

Creating a cryptocurrency from scratch isn’t easy. It requires extensive knowledge of various programming languages and knowledge of blockchain use cases, among other things. Instead of going through that effort, those newer to the crypto space wanting to build their own project tend toward tokens. Tokens are a crypto asset that exists within an ecosystem,

Gaming Altcoin on Ethereum and Polygon Jumps After Surprise Binance Listing

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Posted on November 23, 2021

A surprise Binance listing spree has triggered a pair of rallies in the altcoin market. In a new announcement, Binance says it’s listing PlayDapp (PLA), a blockchain gaming platform that utilizes both the Ethereum and Polygon networks to host a growing roster of interoperable games. &nbsp According to the project website, PlayDapp seeks to make

Total Value Locked in Ethereum Layer-2 Platforms Hits New Record High Above $6,167,000,000

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Posted on November 23, 2021

The total value locked (TVL) in Ethereum layer-2 platforms is in the midst of a parabolic rise as the metric continues to print fresh all-time highs. TVL reached a record high of more than $6.16 billion at one point over the weekend, according to layer-2 (L2) insights firm L2BEAT. Layer-2 platforms are scaling solutions that

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